St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-27
ST. PAUrREAL ESTATE.
The Market for Realty is Steady and
Strong, With Good Active s
Demand.
Attention is Steadily Being Drawn to the
Midway District, Where the
Demand is Increasing.
The North Part of the City is Also
Receiving Considerable More
Attention Than Ever.
What Some of the Real Estate Dealers
Have to Say About the Pres
emit situation.

The published record of the transfers for
the past week will not furnish an adequate
idea of the true condition of the real estate
market in st. Paul for that period. The
recorded deeds show transactions to the
amount of considerably over million OF
dollars. This is very satisfactory and about
up to the average of the last month or two,
but there is all additional fact that should
be stated, and that is that the recorded
transactions do not make mention OF all
sales that have been made. 1t is known
that something over half a million dollars
worth of property has been sold that has
not been recorded. Notwithstanding some
have thought the business of the week was
little lighter than usual, the fact Is the
other way. and fully as much business has
been done the past week as has been any
week this season. 1t is probable that mas
much as Duluth and Ashland have
taken upon themselves boom and
considerable number OF ST. Paul
dealers have been up there during
part of the week that, business here has
seemed to lag little. During the week
there has been a prevailing disposition to
deal in business property and in
lcres adjoining the city suitable for
plating into suburban residence pop
erty. Large tracts of land have
been sold along the north and northeast
parts of the city, where, it is claimed, the
Wisconsin Central and 800" roads are to
run. A good deal of this acre property
has been bought I'D, most OF it for $1,000
an acre or more, with view of making it
what Merriam, Union and st. Anthony
parks area desirable place of residence
with such convenient and rapid means OF
getting to and from the city as will render
it always salable. These deals are some OF
The heaviest that have ever been made here,
and, il these roads are built where it Is
asserted they Will be- the suburban towns
TO be laid out there viii be among the
very best of the many lovely places around
st. Paul. In regard to Dayton's
bluff property, there is not much
to be remarked about it, more
than has already been said. OF course
every one knows that it has for many years
been held very cheap, when compared to
other property in most of the other parts
of the city. 1t is selling now very freely,
and is generally thought very highly Of by
all dealers. In West st. Paul there has
been no special advance or decline, but
prices continue very firm and steady, and
the market strong every way. The move
ment made few day IS ago down below the
fish hatchery, and the report that the Mil
waukee Il st. Paul, the Burlington and one
or two other roads were going to put in
large improvements there. and, generally,
TO bend their energies to establishing in that
vicinity great pork packing and beef
Strengthening plant. appears to have abated
somewhat, and nothing has been heard of
the project lately. The midway property
still holds its pre- eminence, and all prices
are very firm and steady in that
direction. with continual, steady sales at
good prices. This is regarded by all as the
safest for good reliable investments that are
sure to pay a handsome profit, whatever
realty in other parts of town may do. The
north part of the city is also being looked
upon more favorably than it has been here.
tofore. 1t is part of the city that has
been greatly neglected in the past. but
must come to be thought much better of in
the future. Inside business property has
not been forgotten by any means. For this
there is steady demand. and all that can
be had at reasonable prices is quickly
picked up. Altogether, the station in re-
gard to the realty market is all that can be
desired